IBM Says Ransomware Hackers Netted At Least $81M In 2020

By Ben Kochman (September 28, 2020, 9:17 PM EDT) -- Hackers using a popular strain of ransomware known as Sodinokibi have received at least $81 million in payouts in 2020 alone, IBM's cybersecurity team said Monday as it described a flood of attacks targeting manufacturers, governments and academic institutions.

The technology giant's "X-Force" incident response unit said that of the at least 140 victim organizations hit by the Sodinokibi ransomware since April 2019, more than 36% have paid the cybercriminals a ransom. The payouts come as ransomware extortionists, in general, are increasingly demanding higher payouts — in some cases north of $40 million — while taking the extra step of stealing victim data on top...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!